Arcadea Group, a permanent-capital growth equity investor, has completed its growth equity recapitalization ofAvinet, a provider of aviation safety and operations services.
Avinet is an Australian-based, high-growth SaaS supplier of mission-critical safety management services. The firm provides flight operations and training & certification management services to the general aviation and Part 121 market segments. Arcadea Group invests in software companies with long-term growth potential and ambitions.
“The demand for purpose-built, highly functional and time-tested software within the general aviation and scheduled charter markets has never been higher,” said Aleks Banas, CEO of Avinet. “This partnership with Arcadea Group will help us scale and continue to extend product leadership by way of stable, long-duration backing and Arcadea’s expertise in operations, strategy, and M&A.”